Those seeking offices to rent could find new opportunities as a result of a regeneration fund for property developers in the north-west.
The Evergreen Consortium, led by ten Greater Manchester councils, has been chosen to create and manage a financial stock to invest in the area.
An initial £60 million will be going in to the fund, but the consortium has estimated the project has the potential to lend up to £350 million over the next ten years, according to website Public Property UK.
The scheme aims to offer loans to developers, which will recycle a share of their profits back into the fund.
This might benefit firms looking for office space to rent as it will kickstart commercial property growth.
Sir Richard Leese, leader of Manchester City Council, said: "When public resources are extremely limited, it is important that we continue to deliver as many regeneration priorities as possible by unlocking new ways of finding investment."
Recently, it was suggested by Brett White, chief executive at real estate consultancy CB Richard Ellis Group, that the global commercial property market is beginning to improve.
